Andrew Madoff died on September 3 at the age of 48 after a long battle with cancer, his lawyer announced.
The son of convicted fraudster Bernard Madoff suffered from mantle cell lymphoma.
“Andrew Madoff has lost his courageous battle against mantle cell lymphoma,” lawyer Martin Flumenbaum said.
“He died peacefully at Memorial Sloan Kettering Cancer Center on September 3, 2014, surrounded by his loving family.”
Bernard Madoff, now 76, is serving a 150-year prison sentence after pleading guilty to operating a massive Ponzi scheme estimated to have cost investors $17 billion in lost principal. He used to steal from thousands of average investors, charities, celebrities and others worldwide.
His other son, Mark Madoff, committed suicide on December 11, 2010, on the second anniversary of his father’s arrest.
Both Madoff sons denied knowing about the fraud and were never criminally charged in connection with the scheme.
Mark and Andrew Madoff worked at the market-making and proprietary trading division of their father’s Manhattan-headquartered business.
Bernard Madoff’s younger brother, Peter Madoff, 68, who ran the market-making division of the family business, pleaded guilty to doctoring records in 2012 and was sentenced to a 10-year prison term.
Ruth Madoff, 73, the Ponzi scheme architect’s wife, has not been charged. Like her sons, she has maintained she had no knowledge of the fraud.
Andrew Madoff’s funeral arrangements will be private, the attorney said.
According to the Lymphoma Research Foundation, mantle cell lymphoma is a relatively rare blood cancer that got its name because the tumor cells originate from the “mantle zone” of the body’s lymph nodes.
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